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Zumo

Can a UK FCA-registered crypto infrastructure platform become the go-to regulated rails for institutions launching digital asset services in the UK?

HQEdinburgh, Scotland, UK
IndustryFintech / Crypto
The story

Zumo started as a consumer crypto wallet app for the UK market, offering custodian and non-custodian digital wallets alongside a GBP e-money account powered by Modulr. It has since pivoted into a B2B 'digital assets as a service' platform, positioning itself as the regulated infrastructure layer for UK crypto market access. Its 'Crypto Access' product targets institutional clients — crypto firms, wealth managers, and fintechs — providing custody, trading execution, fiat connectivity, AML workflows, and FCA-aligned onboarding as a white-label service. The company is now preparing to transition from FCA cryptoasset registration to full UK authorisation ahead of the 2027 regulatory deadline.

Last 12 months
2024-10
Product timeline
2021
Zumo Financial Services Limited registered on the FCA cryptoasset register, establishing regulated UK crypto operations.· banking
2023
Zumo participated in Bank of Thailand Point Zero Forum roundtable exploring programmable money and blockchain for SME financing.· pivot
2024
Launched Crypto Access, an embedded solution for activating UK-regulated crypto investing services for institutional clients including crypto firms, wealth managers, and fintechs.· banking
2024
Terms and Conditions updated to reflect Modulr FS Ltd as the e-money account provider for GBP accounts within the Zumo app.· banking
Regulated entities
Cryptoasset Business Registration
UK FCA · 2021
Zumo Financial Services Limited
The stack
Banking / BaaS
Modulr
Accounting gap: none